American “vulture” investors, including a top funder of the Republican Party, have demanded that African nations pay over half a billion dollars for old debts – for which the investors paid only a few million. One New York vulture speculator, Peter Grossman of FG Capital Management, is demanding $100 million from the Democratic Republic of Congo. Is he collecting a legitimate debt from the Congo — or is the vulture’s claim based on a stolen security? Greg Palast reports from the Congo, Bosnia and New York in the joint investigation by the BBC, the Guardian and Democracy Now!
Greg Palast, an Investigative reporter with the BBC and author of the books, “Armed Madhouse” and “The Best Democracy Money Can Buy.” His most recent book is called, “Vultures’ Picnic: In Pursuit of Petroleum Pigs, Power Pirates, and High-Finance Carnivores.”
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